07:07 AM EDT, 04/04/2025 (MT Newswires) -- Intouch Insight ( INXSF ) overnight Thursday said it swung to a profit in the year ended Dec. 31 as revenue advanced.
The company reported 2024 net income of $1.4 million, or earnings per share of $0.05, compared with a loss of $384,318, or $0.02 per share, in 2023.
Revenue increased 11% to $28.2 million in 2024 compared with $25.4 million, a year earlier.
"82% of our revenues came from the United States and we do not expect to be impacted directly by the current government actions as we operate in the United States through a US corporation," said Intouch Insight ( INXSF ) Chief Executive Cameron Watt.
"Looking forward we remain committed to sustainable, profitable revenue while ensuring that the organization is able to generate the resources it requires," added Watt.
Shares of the company closed up 1% to $0.5 on Thursday on the TSX Venture Exchange.